The Southwest Rapid Rewards Priority Credit Card is the most rewarding of Southwest Airlines’ personal credit cards, offering a $75 annual Southwest credit and 7,500 anniversary bonus points. With a healthy sign-up bonus and the most benefits of any of the airline’s offerings, this is the card to get if you’re a Southwest loyalist. Card Rating*: ⭐⭐⭐½
*Card Rating is based on the opinion of TPG’s editors and is not influenced by the card issuer.
Southwest Airlines has a legion of fans — largely due to its flexible change/cancellation policies and offering two free checked bags for all passengers. Unlike other airlines, Southwest doesn’t offer lounges, premium cabins or even seating with extra legroom. But it does offer a full suite of cobranded credit cards to help frequent flyers fulfill their Southwest travel goals.
The Southwest Rapid Rewards Priority Credit Card is the most premium personal credit card in the Southwest lineup. It offers hundreds of dollars in value with Southwest each year, and its current sign-up bonus offers a healthy point bonus.
But are its benefits valuable enough to warrant the $149 annual fee? And is now the right time for you to apply? Let’s find out.
OWEN CL/UNSPLASH
Southwest Priority Card Welcome offer
The Southwest Rapid Rewards Priority Credit Card currently offers a welcome bonus of 60,000 bonus points plus a 30% off promo code after spending $3,000 on purchases within the first three months of account opening. TPG values Rapid Rewards points at 1.5 cents each, meaning 60,000 points are worth $900.
This is the first time Southwest has offered a promo code as part of a sign-up bonus on a credit card. The code will appear directly in your Southwest.com account within eight weeks of meeting the spending requirement. It can be used — only once — on a single one-way or round-trip Wanna Get Away, Wanna Get Away Plus, Anytime and Business Select fare, and is available for use until October 31, 2024.
Given it is a single-use promo code, it would be best to save this for a more expensive ticket. You’ll get the biggest savings when using the code for round-trip travel and/or during peak travel periods like the summer or the holidays.
Note that the welcome bonus will count toward earning the carrier’s venerated Companion Pass, which typically requires 135,000 points in a calendar year.
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Related: 13 lessons from 13 years’ worth of Southwest Companion Passes
All Southwest cards are subject to Chase’s 5/24 rule. This means if you’ve opened five or more credit cards in the past 24 months (from all banks, not just Chase), you may not be approved. Also, you can’t open a new personal Southwest card if you currently have one open or if you earned a sign-up bonus in the past 24 months on any personal Southwest card.
WYATT SMITH/THE POINTS GUY
Earning points with the Southwest Priority Card
Here’s what you’ll earn with the Southwest Priority card:
3 points per dollar on Southwest purchases.
2 points per dollar spent with Rapid Rewards hotel and car rental partners.
2 points per dollar on local transit and commuting, including rideshare apps.
2 points per dollar on internet, cable and phone services; select streaming.
1 point per dollar on all other purchases.
This is a wide variety of bonus categories compared to other airline credit cards, though top travel cards are typically even more lucrative.
Related: The best rewards credit cards for each bonus category
Redeeming points with the Southwest Priority Card
Redeeming points with the Southwest Rapid Rewards Priority Credit Card is very straightforward. Southwest award prices are directly tied to the cash value of the ticket, meaning the number of points you need for a flight will fluctuate, but you’ll rarely encounter times when you can’t use your points. Plus, if your plans change, you can redeposit your award without penalty.
While Southwest’s Rapid Rewards points won’t help you fly in first-class suites, they can provide great value. For instance, you can fly from Los Angeles (LAX) to Chicago-Midway (MDW) for just 8,091 points one-way, depending on the time of year. Meanwhile, other airlines often charge 10,000 miles or even more (assuming you can find availability).
SOUTHWEST.COM
If you book during one of Southwest’s flash sales, you could score awards for less than 2,500 points one-way. You can even fly to fun faraway destinations like Hawaii, Costa Rica and Mexico with your Southwest points.
Southwest Rapid Rapid Rewards Priority benefits
The Southwest Priority card offers the following benefits:
Anniversary bonus: Each year on your card-opening anniversary, you’ll receive 7,500 Rapid Rewards points, worth about $112, based on TPG’s valuations.
Annual Southwest travel credit: During each cardmember year, you’ll receive a $75 travel credit that can be used on most Southwest purchases, including tickets (but excluding upgraded boardings and inflight purchases), dropping the card’s actual cost to $74.
25% inflight savings: Receive 25% back (as a statement credit) after you use your card to purchase inflight drinks, Wi-Fi, messaging and movies.
Tier qualifying points boost: Earn 1,500 TQPs that count toward A-List and A-List Preferred status for each $10,000 you spend in a calendar year.
In addition to the Southwest-specific benefits, the card comes with lost luggage reimbursement, baggage delay insurance, extended warranty coverage and purchase protection. The card has no foreign transaction fees, and the annual fee is $149.
Which cards compete with the Southwest Priority Card?
Southwest Airlines currently offers three personal cards — all with the same sign-up bonus. Thus, it can be difficult to choose the right one.
If you want Southwest benefits with a more modest fee: The Southwest Rapid Rewards Premier Credit Card has the same welcome bonus but extra perks to justify its $99 annual fee. These include 6,000 anniversary bonus points, 2 EarlyBird check-ins per year, 25% back on inflight purchases and 1,500 TQPs towards A-List status for each $10,000 spent on the card. For more details, read our full review of the Southwest Premier card.
If you want a Southwest card with an even lower annual fee: The Southwest Rapid Rewards Plus has a $69 annual fee and an anniversary bonus of 3,000 points. You’ll also receive 2 EarlyBird check-ins every card anniversary. For more information, read our full review of the Southwest Plus card.
If you want points you can use with Southwest and other airlines: The Chase Sapphire Preferred Card earns Chase Ultimate Rewards points, which you can transfer 1:1 to Southwest — as well as a wide range of airlines — for making flight redemptions. You’ll get numerous travel protections, a $50 annual hotel credit and robust earning categories, and the card has a $95 annual fee. For more information, read our full review of the Sapphire Preferred.
For more options, check out our full list of travel credit cards.
Related: Comparing the Southwest Rapid Rewards Priority, Premier, and Plus Credit Cards
Is the Southwest Rapid Rewards Priority Card worth it?
If you fly Southwest at least a few times each year, you will come out ahead with the Southwest Priority Credit Card. The card’s everyday earning rates aren’t the most lucrative out there, but impressive built-in perks like upgraded boardings, a $75 annual travel credit and a 7,500-point anniversary bonus easily make up for it.
Bottom line
The Southwest Rapid Rewards Priority Credit Card is the most rewarding of Southwest Airlines’ personal credit cards, with a solid sign-up bonus and the most benefits of any of the airline’s offerings. If you fly Southwest often, it’s the card for you.
Official application link: Southwest Rapid Rewards Priority Credit Card
Additional reporting by Ryan Wilcox, Benét J. Wilson, Jennifer Yellin, Joseph Hostetler, Christina Ly and Ryan Smith.
Love is in the air … not just for smitten couples and star-crossed lovers, but for ordinary people who have fallen head over heels for their apartments.
For some, apartment living isn’t a stepping stone towards buying a home; it’s a way of life. We asked our readers to tell us exactly what they love about renting, and here’s what they had to say.
For this Madison, WI resident, apartment living hits all the right notes.
For others, it’s the simple conveniences that make apartment living special, and a great view goes a long way toward making an apartment feel like home.
The other residents of an apartment community can make a big difference in everyone’s quality of life. But in the end, it’s the simple things that make an apartment home sweet home.
Looking for inspiration to make your apartment a place you love to call yours? We’ve got plenty of ideas on the AG Blog!
Thanks to all our Facebook fans that responded! Now it’s your turn – what do you love about apartment living?
Calling all Civil War buffs and travel bucket-listers: If you’ve ever wanted to explore the war between the North and the South in great detail or check a bunch of states off your list in one trip, American Cruise Lines has a cruise for you. It’s a monthlong sailing to nearly all the major battlefields across 12 states and the District of Columbia.
For more cruise guides, news and tips, sign up for TPG’s cruise newsletter.
On May 4, 2024, passengers will set sail from New Orleans on the line’s Civil War Battlefields Cruise, a 34-day sailing that winds along the Mississippi, Tennessee and Potomac rivers; the Intracoastal Waterway; and the Chesapeake Bay.
Along the way, the itinerary includes calls on destinations in Mississippi, Tennessee, Kentucky, Alabama, Georgia, Florida, South Carolina, North Carolina, Virginia, Maryland and Washington, D.C., before ending on June 6, 2024, in Gettysburg, Pennsylvania. Stops offer a chance to visit key locations such as Fort Sumter, Antietam National Battlefield and Bull Run.
The itinerary for American Cruise Lines’ 34-day Civil War cruise. AMERICAN CRUISE LINES
Cruisers will begin their journey on American Melody and transfer to two other ships — American Symphony and American Eagle — throughout the trip, allowing them to access additional locations that were key to the war. Transportation between ships and waterways is provided for free.
The onboard experience on each ship will be equally themed, featuring expert speakers who will discuss both sides of the war. Led by Bertram Hayes-Davis, the great-great-grandson of Jefferson Davis, who served as the president of the Confederacy, the sailing will offer a rare perspective.
“This cruise is one of the most wholistic views of the Civil War ever offered,” Hayes-Davis said in a statement from American Cruise Lines. “Guests will experience the people, places and events of the war as they visit the battlefields and stand where history was made. This is a unique opportunity to see the entire scope of the battles of the Civil War and put them in context to each other and the entire conflict.”
The voyage is currently open for booking, with fares starting from $24,700 per person. Prices include accommodations, onboard entertainment and lectures, all meals, beer and wine with lunch and dinner, a daily cocktail hour, Wi-Fi, daily shore excursions, a one-night pre-cruise hotel stay (stretching the trip to 35 days), transportation and any necessary hotels when transferring to other ships, crew gratuities, and taxes and fees.
It might surprise you to learn that the average ATM fee in America is $4.57. Considering that the minimum withdrawal amount is $20, you effectively pay 25% more if you use an out-of-network ATM with such a high fee.
Of course, your actual fees will vary depending on where you live and what type of ATM you use. However, it’s fair to say that these fees can really add up.
5 Easy Ways to Avoid ATM Fees
You don’t have to resign yourself to paying a lifetime of expensive ATM fees. Instead, use a bit of preparation to ensure you can access your cash for free whenever you need it.
As Ben Franklin famously said, “An ounce of prevention is worth a pound of cure.” In this case, a few minutes of preparation are worth a lot of cash savings. Ready to never pay ATM fees again?
1. Look for Banks that Reimburses ATM Fees
Even if your bank does participate in an ATM network, it’s also good to find one that reimburses your ATM fees. Some banks even reimburse international ATM fees.
There are a few ways they do this: some offer an unlimited reimbursable amount, while others might cap it out between $10 and $25 each month. So, how does ATM fee reimbursement work? Typically, you’ll still have to pay the fee upfront.
Your bank then credits any applicable ATM fees to your account balance at the end of your billing cycle. So, you generally have to wait a bit of time before seeing that money. Still, it’s much better than never seeing it at all! Interested in finding a financial institution that offers ATM fee reimbursements?
Banks and Credit Unions That Reimburse Out-of-Network ATM Fees
Alliant Credit Union – reimburses up to $20 per month
Ally Bank – reimburses up to $10 per statement cycle for ATM fees charged at other ATMs nationwide
Axos Bank – unlimited ATM fee reimbursements domestically
BankFive – up to $15 reimbursed each cycle
Charles Schwab Bank – unlimited ATM reimbursements worldwide
First Republic Bank – reimburses third-party fees worldwide
Incredible Bank – automatically reimburses ATM fees
Radius Bank – unlimited ATM fee reimbursements domestically
SoFi Money – ATM fees reimbursed worldwide
Upgrade – up to five ATM reimbursements each month
Top Banks and Credit Unions That Don’t Charge ATM Fees Within Their Network
Aspiration – over 55,000 fee-free ATMs
Capital One 360 – over 70,000 Capital One or Allpoint ATMs at zero cost
Chase – over 16,000 fee-free ATMs
Chime – over 60,000 fee-free1 ATMs
Citibank – over 65,000 ATMs fee-free to customers
Current – over 40,000 fee-free ATMs
Fifth Third Bank – over 50,000 fee-free ATMs
PeoplesChoice Credit Union – over 85,000 fee-free ATMs
PenFed Credit Union – over 85,000 fee-free ATMs
Wells Fargo – free access to over 13,000 ATMs
As you can see, there are plenty of financial institutions offering fee-free options that allow you to avoid ATM fees. Many of these bank accounts also come with no monthly fees. You can narrow down the list by reviewing other account features. You should also take into account how much foreign travel you do.
2. Plan in Advance
If your day entails going to Target or shopping online, it’s safe to assume you won’t need cash. But if you’re headed out to a less mainstream operation, check ahead to see if the business accepts debit or credit cards.
It’s as simple as a quick Google search on your phone to check out their payment options. If there’s no website available, see what people have to say on Yelp or Facebook. Message or call the business to check their policy in advance. While many small businesses use their smartphone or tablet to process electronic payments, you shouldn’t assume they all do.
This is especially true if you’re visiting a small operation. A farmer’s market or pick-your-own-strawberry field very well may only accept cash. Food truck rallies, small outdoor concerts, and cheap (but tasty) local dives may operate on a cash-only basis.
These are exactly the types of businesses that need loyal customers like you to support them. But when working with limited funds or limited Wi-Fi, accepting cards may not be an option for these businesses.
Do them and yourself a favor by checking acceptable forms of payment ahead of time, especially when it comes to local businesses. It might be easier to go to a big box store. However, it won’t be half as much fun or have as large of an impact on your community as supporting the little guys. Just prepare in advance, so you can avoid taking a U-turn to hit up an ATM once you’re there.
3. Keep Backup in Your Wallet
It’s perfectly reasonable to attempt to minimize what you carry around in your wallet. After all, you’re probably also saddled down with a bulky smartphone and keychain.
Amidst your driver’s license, debit cards, credit cards, health insurance card, and whatever else that lives in your wallet, you should also carry some backup cash. But, of course, you probably don’t want to walk around carrying a thick wad of money in your wallet.
The chances are low that you’d ever get robbed, but it’s certainly not impossible, especially if you live in a large city. Still, keeping a $20 bill in your pocket can save you a huge headache at some point down the road.
That amount should most likely cover a cab ride, lunch, or other last-minute cash expense you might encounter. And if you do happen to lose your wallet for some reason, you’re not missing a massive chunk of change.
Carry a Blank Check
Another great way to avoid last-minute trips to the ATM is to carry a blank check in your wallet. This gives you a little more leeway than a $20 bill because you can write out the check for however much you want.
If you happen to lose your wallet, or it gets stolen, you’re not out any cash. Of course, you might want to stop payment on the check number, but even that may not be necessary since you didn’t sign it.
Not everyone still accepts checks because of the chance of someone writing a bad one. But in many instances, it can save you time, money, and the aggravation of having to go out in search of an ATM. Adding a simple blank check and $20 can go a long way in ensuring that you’re prepared for any situation that requires a certain amount of cash.
4. Use Your Debit Card to Get Cash Back
A simple but often forgotten way to avoid paying ATM fees is to get cashback on a store purchase. You’ll need a debit card rather than a credit card for this tactic, but otherwise, it’s pretty straightforward.
Make a low-cost purchase at a gas station, drugstore, or other convenient retailer and request money back from your bank account during the payment process. However, there are a few conditions that come with this strategy.
First, it’s not technically free since you do have to pay money to get your cash. But you do actually get something for that money, unlike an ATM fee.
In addition, note whether the establishment has a minimum for either a debit purchase or getting cashback. Ideally, you can get away with buying a cheap drink or snack for one or two dollars. At some places, however, you have to spend $5 or more to use your debit card.
Cash Back Limits
Another factor to consider when getting money through cashback is that there may be a maximum amount you’re able to receive. For instance, CVS only allows for $35 as cashback.
If you need more than that, you may have to visit a few different stores. That can quickly add up if you’re making small purchases at each one. While these limits can be annoying, there is an upside to using cashback for money rather than an expensive ATM.
That’s the flexibility you have in the types of bills and coins you receive. While ATMs usually only dispense cash in $20 bills, you can request any combination of money with cashback. It’s also convenient if you only need a small amount and don’t want to (or can’t) withdraw in $20 increments. Before you hit an ATM, see if a retail store can meet your needs with cashback.
5. Check Your Bank’s ATM Network
If you find it necessary to track down an ATM, look for one in your bank’s network. This allows you to avoid ATM fees from two different parties. How?
Unfortunately, when you use an ATM that’s out of your bank’s network, you’re typically charged twice: once by the company operating the ATM and once by your bank. It’s a double whammy that really hurts your bottom line. So first, look to see if your actual bank has a branch location with an ATM near you.
This is the simplest way to ensure you won’t incur any extra charges. If there are none nearby, check the back of your debit card to see if any other ATM networks are listed. You can also download your bank’s app to use an ATM locator. It’s a quick and easy way to find a no-fee ATM — plus, it’s usually free.
The Largest ATM Networks
Some of the most common ATM networks include Allpoint, MoneyPass, and Co-op Solutions. Allpoint, for example, has 55,000 ATMs in the U.S. and ATMs in Canada, Puerto Rico, the U.K., Australia, and Mexico.
So, you can enjoy fee-free cash in some popular international destinations as long as your bank or credit union participates. MoneyPass is only found in the U.S. and Puerto Rico. It’s in many convenient locations, including Walmart.
Co-op is a similar service that focuses on credit union members. It has more than 30,000 ATMs and 5,000 shared branches throughout the nation. Participating credit union members can easily access fee-free money just about wherever they are.
Ask your bank or credit union where you have your checking account if they participate in any of these ATM networks. If they don’t, and you frequently use ATMs, it might be time to open a new bank account.
Final Thoughts
ATM fees can be especially high when traveling abroad. So, having a bank account like the Charles Schwab Investor Checking or SoFi Money can result in a lot of savings. Not to mention, some of them act as savings accounts and have similar interest rates, so you can actually earn money too.
ATM fee reimbursement isn’t the only feature you should consider when choosing a checking account. However, it could be the most important if you frequent ATMs often.
1. Out-of-network ATM withdrawal fees may apply with Chime except at MoneyPass ATMs in a 7-Eleven, or any Allpoint or Visa Plus Alliance ATM.
United Airlines’ Denver hub is getting a big face-lift.
Not only is the airline adding stunning new gates with Instagram-worthy bathroom areas, but it’s also debuting three new and revamped lounges in the coming months.
It all starts this summer with the opening of a new club in the A-West concourse, between gates A25 and A27. This will become United’s first lounge in Denver’s A concourse. It’ll also be a major upgrade for flyers leaving from this pier since you’ll no longer need to take the train just to use a lounge.
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Then, later this summer, United will reopen the B-East club, which has been closed for the past few months for renovations. Once complete, it’ll become the largest club in the network, spanning a whopping 36,500 square feet.
Once the B-East club opens, United will close the existing B-West club and renovate it in a similar style to its other club in Concourse B, with completion scheduled for 2024. United will then build a Polaris lounge in Denver, but that’s still a couple of years away.
ZACH GRIFF/THE POINTS GUY
When all is said and done, United will have over 100,000 square feet of club space in Denver, including its novel Club Fly concept. But the improvements aren’t just about a bigger footprint.
Each new club will be designed to reflect the Mile High City and Colorado, and there’s a lot to get excited about. Don’t believe me? Come along for a first-look hard-hat tour of the new A-West club.
2-story layout
United’s A-West club will feature a two-story layout — one of the few lounges in the network to span multiple levels.
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ZACH GRIFF/THE POINTS GUY
Once you take the escalator up to the reception area, you’ll find touchless entry gates that will let you into the lounge. From there, it’s your choice as to whether you’d like to hang out on the first or second level.
UNITED
Both will offer fantastic views of the concourse and tarmac, as well as copious amounts of natural light. The lounge’s west-facing window seats are sure to be the most popular during Denver’s dramatic sunsets over the Colorado Rockies.
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ZACH GRIFF/THE POINTS GUY
The new A-West lounge will measure 24,900 square feet across both levels.
Colorado-themed design
From the moment you step inside, you’ll definitely notice a ton of improvements compared to United’s existing Denver clubs, beginning with the design.
UNITED
United is going with a Colorado theme for this lounge, and based on the renderings, you’re sure to be impressed. Expect plenty of natural wood, along with gray carpets, blue accents and tan leather finishes.
UNITED
At the moment, the lounge is still very much under construction, but you can already begin to see the Colorado inspiration. For instance, United installed gabion walls around the perimeter of the entrance hallway in a nod to the rock-filled walls that line Interstate 70 to prevent boulders from falling onto the road.
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ZACH GRIFF/THE POINTS GUY
This club will also feature two fireplaces — one on each level. A wood-filled wall display will flank the fireplaces under natural oak-lined ceilings. Assuming that the finished product looks anything like the renderings, it’ll likely feel that you’ve entered a cozy ski lodge rather than a busy airport terminal.
UNITED
In fact, that’s exactly how Alex Dorow, United’s managing director of lounges, premium services and hospitality, conceptualized this new space. “If Ralph Lauren had to build a ski chalet, what would it look like?” he asked the team during the design process.
ZACH GRIFF/THE POINTS GUY
Amenities for the post-pandemic world
Aside from the finishes, United is purposely designing the space for a post-pandemic world. That means you’ll find more private workstations here than in most other United Clubs, in order to support those who are working from the road.
There will also be a few high-top coworking tables that’ll be perfect for solo flyers.
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ZACH GRIFF/THE POINTS GUY
Also, the dining area will feature a mix of one-, two- and four-top tables and booths, which will suit those traveling alone or with friends and family.
UNITED
Speaking of dining areas, United is working to upgrade the lounge catering, said Dorow, and he teased locally inspired options that will rotate seasonally. “When we say local, it’s not just in the look and feel; it’s also in what you taste,” Dorow explained.
The three new Denver lounges will all feature United’s signature hydration walls and personal water bottle refilling stations. According to Dorow, the airline received feedback that more and more travelers want spouts to fill their own water bottles — a request that United is happily addressing in its newest outposts.
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ZACH GRIFF/THE POINTS GUY
Notably, the new A-West United Club will not offer shower suites, which is a bummer considering that the airline is planning to move its long-haul international flights to the A concourse in the coming years.
You will find gender-specific restroom facilities (featuring private, floor-to-ceiling stalls), an all-gender restroom and a family room on each level.
As with United’s existing lounges, expect fast and free Wi-Fi and convenient access to power outlets and USB ports.
A surprise is coming
While the new lounges seem like they’ll be a major upgrade for United’s Denver hub, Dorow didn’t spill all the beans during the hard-hat tour.
ZACH GRIFF/THE POINTS GUY
In fact, he teased an all-new amenity that’ll debut in all three of the new Denver clubs. “As we open up these lounges, you’re going to see some new ways that allow customers to also get to know one another,” he said.
He didn’t share specifics, but he kept mentioning “fun artifacts” and “games.” What that means is anyone’s guess, but the good news is that we’re just a few months away from finding out.
ZACH GRIFF/THE POINTS GUY
Better yet, even if this surprise is a dud, at least the rest of the lounge will bring some much-needed improvements to United’s Denver hub.
Now let’s talk about the top mortgage lenders in Indiana, based on their most recent year’s loan volume.
In 2021, nearly 900 mortgage companies funded about $73 billion in home loans there, with the average loan amount about $199,000.
But two lenders stood above the rest, and made the race for first place a very close one.
However, the nation’s top lender, Rocket Mortgage, managed to hold off a much smaller competitor, just barely.
Read on to see which other mortgage companies were some of the largest in Indiana.
Top Mortgage Lenders in Indiana (Overall)
Ranking
Company Name
2021 Loan Volume
1.
Rocket Mortgage
$3.5 billion
2.
Ruoff Mortgage
$3.4 billion
3.
Caliber Home Loans
$2.4 billion
4.
Chase
$2.1 billion
5.
Freedom Mortgage
$1.9 billion
6.
3Rivers FCU
$1.9 billion
7.
Huntington Bank
$1.5 billion
8.
Wells Fargo
$1.3 billion
9.
Fifth Third Bank
$1.3 billion
10.
Newrez
$1.3 billion
Last year, Rocket Mortgage funded $3.5 billion in home loans in the state of Indiana, per HMDA data from Richey May.
That was just enough to hold off second place Ruoff Mortgage, which put up a very good fight with $3.4 billion funded.
The company is based in Fort Wayne, IN, and did their best to take the top spot in their home state.
In third was Coppell, TX-based Caliber Home Loans with an admirable $2.4 billion, followed by Chase with $2.1 billion and Freedom Mortgage with $1.9 billion.
The other big players in The Hoosier State included 3Rivers Federal Credit Union, Huntington Bank, Wells Fargo, Fifth Third Bank, and Newrez.
Just two of the top 10 are headquartered in the state of Indiana (Ruoff and 3Rivers), though two others are based in Ohio (Huntington and Fifth Third).
Top Indiana Mortgage Lenders (for Home Buyers)
Ranking
Company Name
2021 Loan Volume
1.
Ruoff Mortgage
$2.2 billion
2.
Caliber Home Loans
$1.3 billion
3.
GVC Mortgage
$854 million
4.
Fairway Independent
$843 million
5.
Chase
$762 million
6.
AmeriHome Mortgage
$761 million
7.
Rocket Mortgage
$742 million
8.
Newrez
$684 million
9.
U.S. Bank
$676 million
10.
Pennymac
$618 million
About half of total mortgage volume consisted of home purchase loans in the state of Indiana.
And when we only consider these types of loans, hometown favorite Ruoff Mortgage takes the cake with $2.2 billion funded.
That was way more than any other company in the state, with second place Caliber Home Loans only managing $1.3 billion.
In third was Pendleton, IN-based GVC Mortgage with $854 million, followed by Madison, WI-based Fairway Independent Mortgage and NYC-based Chase.
The rest of the best included AmeriHome Mortgage, Rocket Mortgage, Newrez, U.S. Bank, and Pennymac.
All big, household names other than the two Indiana-based lenders (Ruoff and GVC).
Typically, you’ll get more local brands when it comes to home purchase loans, but not the case in Indiana.
Top Refinance Lenders in Indiana (Existing Homeowners)
Ranking
Company Name
2021 Loan Volume
1.
Rocket Mortgage
$2.8 billion
2.
Freedom Mortgage
$1.7 billion
3.
3Rivers FCU
$1.5 billion
4.
Chase
$1.3 billion
5.
Ruoff Mortgage
$1.2 billion
6.
Caliber Home Loans
$1.1 billion
7.
Fifth Third Bank
$869 million
8.
Union Savings Bank
$856 million
9.
Huntington Bank
$804 million
10.
loanDepot
$745 million
There’s less loyalty, or need for face-to-face interaction when it comes to mortgage refinances. So typically the biggest national brands lead the way.
This was the case in Indiana, where Rocket Mortgage led with $2.8 billion in refis during 2021.
Freedom Mortgage was somewhat close with $1.7 billion in second place, followed by 3Rivers FCU with $1.5 billion.
In fourth was Chase with $1.3 billion, followed by Ruoff Mortgage with $1.2 billion in fifth.
Others in the top 10 included Caliber Home Loans, Fifth Third Bank, Union Savings Bank, Huntington Bank, and loanDepot.
Oddly, there were more local-ish brands in the refi category than the home purchase category.
Top Mortgage Lenders in Indianapolis
Ranking
Company Name
2021 Loan Volume
1.
Caliber Home Loans
$1.8 billion
2.
Rocket Mortgage
$1.4 billion
3.
Chase
$1.1 billion
4.
Huntington Bank
$1.1 billion
5.
Ruoff Mortgage
$1.0 billion
6.
Freedom Mortgage
$873 million
7.
Fairway Independent
$863 million
8.
GVC Mortgage
$857 million
9.
Union Savings Bank
$783 million
10.
Newrez
$676 million
Top Mortgage Lenders in Gary
Ranking
Company Name
2021 Loan Volume
1.
Rocket Mortgage
$472 million
2.
Centier Bank
$335 million
3.
Chase
$327 million
4.
Guaranteed Rate
$319 million
5.
Freedom Mortgage
$244 million
6.
Wells Fargo
$228 million
7.
Diamond Residential
$208 million
8.
Newrez
$187 million
9.
AmeriHome Mortgage
$185 million
10.
Mr. Cooper
$181 million
Who Are the Best Indiana Mortgage Lenders?
There are literally thousands of reviews for the big, national mortgage companies and banks.
But what about the more local options, and specifically those headquartered in the state of Indiana?
Well, Ruoff Mortgage has an excellent 4.98/5 on Zillow from about 825 customer reviews, which is nearly perfect.
And GVC Mortgage has a 4.99/5 from over 200 reviews. Meanwhile, Evansville, IN-based Mortgage Masters of Indiana, Inc. has a perfect 5-star rating from nearly 1,300 reviews.
They aren’t on the big volume lists above, yet have an unheard of customer satisfaction score in Zillow.
There’s also Evansville Teachers FCU with a 4.99/5 from 400 reviews, First Savings Bank out of Jeffersonville with a 4.96-star rating, and Fishers, IN-based First Internet Bank of Indiana with a 4.70-star rating.
So clearly there are a lot of excellent mortgage options in the state of Indiana to choose from, whether big, medium, or small.
And while you’re searching for a home loan provider, don’t forget local, independent mortgage broker as well.
History swiftly repeats itself over and over when it comes to lawsuits over resort fees.
Texas Attorney General Ken Paxton sued Hilton this week over resort fees and what he claims the company “misleadingly charge consumers higher rates than initially advertised” and that “the services purportedly funded by the fees are often complimentary or included in the room rate at other non-resort locations.”
The latest lawsuit arrived shortly after Paxton similarly sued Hyatt over its resort fee practices and settled with Marriott over similar charges. Marriott now includes resort fees in the initially quoted nightly room rate on its booking platform.
“Heightened inflation and worsening economic conditions have made it an even more pressing priority to protect Americans from predatory, illegal corporate practices,” Paxton said in a prepared statement.
“Many major hotel chains, including Hilton, have been deceiving their customers for far too long. I warned these companies they would face consequences for this behavior, and Texas has delivered aggressive action to protect consumers, promote price transparency in the hotel and travel industries, and ensure that companies violating our laws are held responsible for misleading the public.”
The Texas AG goes on to allege Hilton doesn’t adequately display the added fee on a nightly rate and effectively charges guests extra fees twice: first as the fee itself and then again with taxes on the fee. It also comes amid increasing political pressure for travel companies to be more transparent with extra charges.
Texas charge ‘em
The lawsuit uses the Hilton Anatole in Dallas as a leading example of how the company is deploying drip pricing with resort fees or similar charges going by different names.
The hotel displayed a $193 nightly rate earlier this month but then added a $27.26 “Daily Mandatory Charge” that includes Wi-Fi access, gym access, a spa discount, breakfast for children and two in-room bottles of water. Keep in mind: Those with Silver status or higher in the Hilton Honors program already get free water as part of their loyalty status.
The Hilton Anatole also charged a “Texas Recovery Fee” for an unspecified amount, according to Paxton’s lawsuit. The “Daily Mandatory Charge” alone added more than 14% to the nightly room rate, which ended up being $258.46 after the charge and taxes were added up.
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Had the 1,606-room hotel sold out every night for a year, the Texas AG lawsuit notes the ownership group would have made more than $16 million off the added fees.
The lawsuit also highlights the Woodlands Resort, a Curio Collection hotel outside Houston, and C. Baldwin, a Curio Collection hotel in Houston, as other examples of hotels in the state charging added fees under monikers like “Daily Resort Charge” and “Daily Mandatory Charge.”
The lawsuit also accuses the Hampton Inn & Suites San Antonio Riverwalk, the Hampton Inn & Suites Dallas Downtown and the Homewood Suites by Hilton Dallas Downtown of charging fees twice, first as a fee and then again as a tax — a practice that had the potential to make each hotel more than $100,000 apiece annually.
“While decisions about mandatory fees are made by ownership and management at a property level, these fees are always fully disclosed when booking through Hilton channels and we encourage all third-party distribution partners to disclose any fees when advertising our inventory,” a Hilton spokesperson said in a statement to TPG. “We have long been committed to ensuring that any fees charged by hotels in our system are fully disclosed and continue to review this issue closely to ensure there is consistency for consumers when viewing our rates across booking channels.”
Resort fees not going away
The much-maligned practice of charging resort fees almost certainly isn’t going away, but it’s highly likely they’ll get more transparent.
Marriott never admitted guilt in its settlement, and company leaders have always maintained the added fees were noted throughout the booking process. You’d see a blue box during the booking process noting the added fee on the Marriott reservations system. Hilton and Hyatt both make note of their added fees amid the booking process, but that’s not enough in the eyes of the Texas attorney general.
Further, the lawsuit goes on to note Hilton charged the fee and labeled it as going toward amenities that weren’t even accessible or open during the pandemic.
“Hilton relies on consumers either not noticing or becoming too fatigued in the search process to cancel the transaction,” the lawsuit states. “Despite eventually disclosing the fees, eventual disclosure does not cure the deception in the initial advertised price.”
While Marriott’s new practice of bundling resort fees into the initially quoted rate might seem like a likely industry practice, the company’s CEO earlier this month wasn’t ready to speak for his competitors.
“It is not as if those were hidden somehow. We’re simply further clarifying and enhancing that transparency,” he said on the company’s first-quarter earnings call. “I will leave it to the state [attorneys general] around the rest of the country for the rest of the industry. But I am pleased that we will lead the industry in terms of the transparency of our disclosure for our guests.”
Now we’ll rank the top mortgage lenders in Wisconsin, based on the most recent year’s completed loan volume.
These are the largest lenders in The Badger State based on available HMDA data for 2021. Collectively, more than 800 lenders funded $70 billion there during the year.
Interestingly, it appears that Wisconsinites are big on using their own local companies instead of larger, national brands.
At least when it comes to home loans, as the top three mortgage companies are all headquartered in the state.
Read on to see which company led the way in mortgage origination last year in Wisconsin.
Top Mortgage Lenders in Wisconsin (Overall)
Ranking
Company Name
2021 Loan Volume
1.
Summit CU
$2.7 billion
2.
Associated Bank
$2.4 billion
3.
UW Credit Union
$2.4 billion
4.
Rocket Mortgage
$2.3 billion
5.
Wells Fargo
$2.0 billion
6.
Chase
$1.9 billion
7.
U.S. Bank
$1.8 billion
8.
Landmark CU
$1.8 billion
9.
Fairway Independent
$1.7 billion
10.
Johnson Bank
$1.6 billion
As noted, a Wisconsin-based lender topped the charts in 2021, per HMDA data from Richey May.
It was none other than Madison-based Summit Credit Union, which funded $2.7 billion in the state of Wisconsin last year.
In second was Green Bay-based Associated Bank with a close $2.4 billion, followed by Madison-based University of Wisconsin Credit Union (UW Credit Union) with $2.4 billion.
This is interesting for a few reasons – one being that the top three are all Wisconsin-based, and the other that the top three consist of two credit unions and a bank.
That bucks the trend of nonbank mortgage lenders ruling the roost in many other states throughout the nation.
In fourth was the nation’s top mortgage lender, Rocket Mortgage, which funded $2.3 billion. They also happen to be situated fairly close to Wisconsin.
And in fifth was San Francisco-based Wells Fargo with $2.0 billion, formerly the top lender in the United States.
The rest of the top 10 included Chase, U.S. Bank, Landmark Credit Union (New Berlin, WI), Fairway Independent Mortgage (Madison, WI), and Johnson Bank (Racine, WI).
All told, six of the top 10 mortgage lenders in Wisconsin are based in the state, which is pretty impressive.
That might lead all other states in terms of the number of homegrown companies in the top-10 list.
Top Wisconsin Mortgage Lenders (for Home Buyers)
Ranking
Company Name
2021 Loan Volume
1.
Associated Bank
$1.2 billion
2.
Fairway Independent
$1.1 billion
3.
Chase
$878 million
4.
U.S. Bank
$649 million
5.
Summit CU
$640 million
6.
UW Credit Union
$633 million
7.
Johnson Bank
$610 million
8.
Wells Fargo
$608 million
9.
Rocket Mortgage
$467 million
10.
Newrez
$442 million
If we look at home purchase loans only, Associated Bank took the top spot with $1.2 billion funded, followed by nonbank lender Fairway Independent Mortgage with $1.1 billion.
In third was NYC-based Chase with $878 million, trailed by U.S. Bank with $649 million and Summit CU with $640 million.
Others in the top-10 list for home buyers included UW Credit Union, Johnson Bank, Wells Fargo, Rocket Mortgage, and Newrez.
So when it came to purchase lending, five of the top 10 were Wisconsin-based. Still pretty impressive.
Generally, consumers tend to flock toward local companies when buying a home.
Top Wisconsin Refinance Lenders (for Existing Homeowners)
Ranking
Company Name
2021 Loan Volume
1.
Summit CU
$1.8 billion
2.
Rocket Mortgage
$1.8 billion
3.
UW Credit Union
$1.7 billion
4.
Wells Fargo
$1.4 billion
5.
Landmark CU
$1.4 billion
6.
Associated Bank
$1.2 billion
7.
U.S. Bank
$1.1 billion
8.
Chase
$968 million
9.
Johnson Bank
$907 million
10.
Freedom Mortgage
$830 million
When it came to mortgage refinances, amazingly a Wisconsin-based lender still took the top spot, but just barely.
Summit CU funded roughly $1.8 billion in refis last year, just enough to beat out Rocket Mortgage’s similar tally.
UW Credit Union took third with $1.7 billion, followed by Wells Fargo with $1.4 billion and Landmark CU with $1.4 billion.
The rest of the best included Associated Bank, U.S. Bank, Chase, Johnson Bank, and Freedom Mortgage.
Once again, five of the top 10 were Wisconsin-based mortgage lenders, another feat for the home team.
Top Mortgage Lenders in Milwaukee
Ranking
Company Name
2021 Loan Volume
1.
Landmark CU
$1.4 billion
2.
Wells Fargo
$954 million
3.
Associated Bank
$943 million
4.
Chase
$902 million
5.
Newrez
$662 million
6.
Fairway Independent
$638 million
7.
UW Credit Union
$591 million
8.
Rocket Mortgage
$591 million
9.
U.S. Bank
$560 million
10.
Summit CU
$524 million
Top Mortgage Lenders in Madison
Ranking
Company Name
2021 Loan Volume
1.
Summit CU
$1.6 billion
2.
UW Credit Union
$1.5 billion
3.
Fairway Independent
$522 million
4.
The Park Bank
$394 million
5.
Truist
$349 million
6.
Thompson Kane
$288 million
7.
State Bank of Cross Plains
$278 million
8.
Oregon Community Bank
$254 million
9.
Old National Bank
$249 million
10.
Rocket Mortgage
$233 million
The Best Wisconsin Mortgage Lenders (by Customer Ratings)
Now let’s look at the top-rated Wisconsin mortgage lenders based on actual customer reviews, as opposed to mere loan volume.
While Summit CU is top overall, it’s hard to find mortgage-related reviews for credit unions. The same goes for banks, as they offer a variety of different services other than home loans.
If we consider mortgage lenders only, A+ Mortgage Services, Inc. out of Muskego has the best rating on Zillow, a 4.99/5 from over 400 reviews.
Several other Wisconsin-based lenders have 4.98/5 scores, including Waterstone Mortgage Corp., McGlone Mortgage, and Inlanta Mortgage.
Not far off is Fairway Independent Mortgage (4.95/5), Homefinity (4.95/5), and Go Mortgage (4.90/5).
Meanwhile, U.S. Bank has a 4.98/5 on Zillow, Wells Fargo and Chase have a 4.95/5, and Rocket Mortgage has a 4.48/5.
So the big guys and the local companies are all pretty well regarded. But take the time to research companies, ask for referrals from friends/family, and obtain multiple rate quotes.
Doing so should boost your chances of having a positive home loan experience.
Would you like to open a checking account, but you’re worried that your bad credit and past banking history might get in the way? With these issues, it can be difficult to open a new bank account.
20 Best Bank Accounts for Bad Credit
Regardless of your banking history, there are numerous banks and credit unions that offer bad credit checking accounts, all with unique features and benefits.
1. Chime
Our Top Pick
No minimum opening deposit or monthly service fee
Over 60,000 fee-free1 ATMs
Get paid up to 2 days early with direct deposit2
No credit check or ChexSystems
With Chime®, a bad credit score is no longer a deal-breaker. They offer an award-winning financial app and debit card with no credit check.
You can open a Chime Checking Account online with no monthly fees. And by that, we mean no overdraft fees, no monthly maintenance fees, no foreign transaction fees, and no minimum balance fees—ever.
Chime also offers a new way to build your credit with the Chime Credit Builder Secured Visa® Credit Card7. It’s a secured credit card with no annual fees, no credit checks, and no interest1 charges.
They offer access to over 60,000 MoneyPass® and Visa® Plus Alliance ATMs. Plus, you can get your paycheck up to 2 days earlier with direct deposit. You can also deposit cash for free at over 8,500 Walgreens.
Chime is definitely the best option on this list.
2. U.S. Bank
$400 sign-up bonus
Monthly service fee can be waived
Over 40,000 fee-free ATMs
$25 minimum opening deposit
U.S. Bank is now offering the Bank Smartly® Checking account, a popular choice that can be applied for online in 26 states throughout the U.S.
If you’re based in any of the following states – AR, AZ, CA, CO, IA, ID, IL, IN, KS, KY, MN, MO, MT, NC, ND, NE, NM, NV, OH, OR, SD, TN, UT, WA, WI, or WY – you’re eligible to apply.
By opening a Bank Smartly® Checking account and a Standard Savings account, and completing qualifying activities, you have the potential to earn up to $400. Subject to certain terms and limitations. Offer valid through June 20, 2023. Member FDIC.
The account itself provides a variety of benefits, including a complimentary debit card that can be locked or unlocked if ever misplaced or stolen. U.S. Bank ATMs offer free transactions, as do over 40,000 MoneyPass Network ATMs.
Although U.S. Bank uses ChexSystems, it’s typically known to be more accommodating with its regulations than many other banks. Unless there’s a history of fraud or any money owed to U.S. Bank, opening a checking account is a possibility.
The checking account requires just a $25 minimum opening deposit, with a monthly service fee of $6.95. The monthly fee can be waived by maintaining a minimum balance of $1,500, or by having a minimum monthly Direct Deposit of $1,000.
3. GO2bank
4.50% APY on savings up to $5,000
No minimum opening deposit
Build credit with no annual fees
Overdraft protection up to $200
GO2bank is a neobank developed by Green Dot, is a neobank developed by Green Dot, a well-established fintech known for its prepaid debit cards and banking services.
The bank offers a checking account with savings subaccounts known as vaults, and the best part is that there is no minimum balance required to open an account online.
The savings account offers an attractive 4.50% APY on savings up to $5,000. Additionally, you can deposit cash at any of the 90,000 retail locations or withdraw funds from any of the 19,000 fee-free ATMs.
You can also use the mobile app’s check deposit feature to deposit checks directly into your checking account.
With direct deposit, you can even receive your pay up to 2 days early or your government benefits up to 4 days early. Opt-in for overdraft protection and be eligible for up to $200 in coverage with eligible direct deposits.
Responsible use of the GO2bank Secured Visa Credit Card can also help you build your credit over time.
If you receive a payroll or government benefits direct deposit in the previous monthly statement period, your monthly fee is waived. Otherwise, it is only $5 per month.
4. Chase
$100 bonus after 10 purchases in 60 days
No credit check or ChexSystems
Over 16,000 fee-free ATMs
$4.95 monthly fee
Chase is one of the most popular banks in the U.S. And now, they offer an account called Chase Secure Banking that doesn’t require a credit check, doesn’t use ChexSystems, and doesn’t charge overdraft fees.
Account holders also get access to over 16,000 ATMs, free online bill pay, and free money orders and cashier’s checks.
With 4,700 locations across the country, this is an excellent option for anyone who prefers having access to physical branches.
Opening a Chase Secure Banking account comes with a $100 cash bonus when you use the card for 10 purchases within 60 days.
Account approval is immediate and you’ll receive your debit card within days. There is a small monthly service fee of $4.95; however, there is no minimum deposit to get started.
5. mph.bank
Earn 4.70% APY on unlimited savings
No minimum balance to open
Get paid up to two days early
Free withdrawals at over 55,000 ATMs
mph.bank, created by Liberty Savings Bank, F.S.B. and a Member FDIC, is a banking option that truly stands out for its unique approach. MPH, which stands for ‘Makes People Happy’, is not just a slogan – it’s a philosophy that permeates every aspect of their banking services.
They offer five different bank accounts, but the standout offering is their Future Account. This account lets you earn an impressive 4.70% APY on your savings, with no minimum balance to open and no maximum balance for the rate.
Alongside this, mph.bank offers a Spend account that allows you to receive your paycheck two days earlier.
Accessing your money is easy with mph.bank, as they are part of the Allpoint network, offering you free access to over 55,000 ATMs.
In addition to these features, mph.bank has a host of financial tools available. From planning for your future to managing your finances on one page, mph.bank ensures that you have the necessary resources at your fingertips.
6. Current
No credit check or ChexSystems
No minimum deposit or maintenance fees
Get paid up to two days faster
Overdraft up to $200 without any overdraft fees
Current is one of the fastest-growing mobile banking solutions in the U.S., with over one million members. However, Current is a financial technology company, not a bank. Most importantly, Current does not use ChexSystems or pull your credit.
Some features of the Current mobile app and debit card include fee-free overdraft protection of up to $100, 40,000 fee-free Allpoint ATMs, and no minimum balance or hidden fees.
You can also get paid up to two days sooner with direct deposit and earn up to 15x points, and get cashback.
7. Walmart MoneyCard
No monthly fee with direct deposits of $500 or more
Earn up to 3% cash back on purchases
Overdraft protection covering up to $200 with eligible direct deposits
2% APY on savings
The Walmart MoneyCard is a prepaid debit card that offers a robust alternative to traditional checking accounts.
This card stands out with its cash back rewards program, offering up to 3% cash back when shopping at Walmart.com, 2% at Walmart fuel stations, and 1% at Walmart stores, up to a total of $75 each year.
Users can also enjoy the peace of mind offered by the overdraft protection feature, covering up to $200 for purchase transactions with opt-in and eligible direct deposits.
The ASAP Direct Deposit feature is another great perk, allowing users to receive their pay up to two days earlier and benefits up to four days earlier.
Additionally, with the Walmart MoneyCard, you can earn a 2% APY on savings and have chances to win cash prizes each month. The monthly fee of $5.94 can be waived with a direct deposit of $500 or more in the previous monthly period.
8. Revolut
No monthly fee
Earn up to 4.25% APY on savings
Cash withdrawals at more than 55,000 ATMs
Commission-free stock trading
Revolut is a financial app that comes with a prepaid debit card from Visa or Mastercard. However, you don’t need to wait for the physical card to get started. You can use the digital card right away on Apple Pay or Google Pay.
The Revolut debit card gets you fee-free access to over 55,000 ATMs, and no cost out-of-network ATM withdrawals up to $1,200 per month. You’ll also get 10 zero-fee international transfers per month.
This account offers cashback, discounts from top brands, a savings account, and more. Plus, your funds are insured by the FDIC for up to $250,000.
* Please note that Revolut is frequently updating its products and features, see the Revolut Terms and Conditions for the latest offerings.
* Revolut is a financial technology company. Banking services provided by Metropolitan Commercial Bank, (Member FDIC).
9. TD Ameritrade
No monthly fee
Unlimited fee refunds for U.S. ATMs
Free TD Bank debit card
Free checks and unlimited check-writing capabilities
TD Ameritrade offers a brokerage account with a comprehensive cash management checking account. As a client, you get unlimited checks. Once you open the brokerage account, you can complete the checking account application online.
A Cash Management account also gives you access to free online bill pay, as well as a free debit card with nationwide rebates on all ATM fees.
In addition, there is no monthly fee if you maintain a $100 minimum daily balance. However, it’s important to note that a TD Ameritrade checking account is not FDIC-insured or bank guaranteed.
10. Albert
No minimum balance
Cash advances up to $250
No maintenance fees
Free ATMs at over 55,000 locations
Albert is an innovative fintech banking platform that presents a powerful alternative to traditional bank accounts.
It sets itself apart with its attractive cashback rewards program attached to its free Mastercard debit card, making it your perfect shopping companion.
Moreover, it offers an around-the-clock personal finance help feature, “Ask a Genius”, ensuring you’re never in the dark about your money matters.
In addition, with Albert, you can have your paycheck up to 2 days early thanks to the direct deposit feature. This takes financial planning to a whole new level by ensuring you’re always ahead.
Albert is also a cost-saving alternative. There are no minimum balance requirements, no monthly maintenance fees, and you enjoy access to more than 55,000 ATMs, fee-free if you’re a Genius subscriber.
Finally, Albert ensures your money’s safety with FDIC protection up to $250,000. This adds an extra layer of security to your funds, allowing you to bank with confidence.
11. SoFi
With the SoFi Checking and Savings account, you won’t have to worry about being charged any overdraft fees, minimum balance fees, or monthly fees.
Plus, it offers free access to ATMs at over 55,000 locations within the Allpoint® Network. Similar to Chime and Current, you can get your paycheck up to two days sooner when you set up direct deposit.
You’ll also get a 1% APY on your checking and savings accounts and up to 15% cash back at local establishments with your SoFi debit card.
12. Navy Federal Credit Union
If you are an active-duty or retired member of the military, including the Armed Forces, National Guard, Coast Guard, or Department of Defense, you may be eligible for Navy Federal Credit Union membership.
NFCU doesn’t utilize ChexSystems or EWS. They also offer a free checking account alternative with no monthly service fees for those with qualifying direct deposits.
Additionally, NFCU offers its members convenient access to over 30,000 ATMs situated at both credit unions and retail locations across the United States and Canada through the CO-OP Network.
13. Aspiration
With the Aspiration Spend & Save account, you get an online checking account and savings account that has the potential to earn up to 5% APY.
Aspiration also offers unlimited cash withdrawals at over 55,000 ATMs. The minimum initial deposit is $10. Deposits are FDIC insured and you can get paid up to two days sooner.
The Aspiration debit card is made from recycled plastic. Deposits are 100% fossil fuel-free. And this online bank even gives you the option to plant a tree with every card swipe.
14. Southwest Financial Federal Credit Union
Southwest Financial presents a reliable banking option that prioritizes the financial wellbeing of its members. With no monthly service fees, it offers a cost-effective solution to managing your everyday finances.
Opening an account is easy and requires no minimum deposit. As a member of Southwest Financial Federal Credit Union, you enjoy the convenience of accessing your funds through a shared network of ATMs.
15. FSNB
FSNB (formerly Fort Sill National Bank) offers a hassle-free Basic Checking account to its customers, with a $5 minimum deposit requirement.
With the Basic Checking account, you need to maintain a minimum daily balance of $75. Otherwise, you’ll be charged a monthly fee of $5.50.
This account comes with a host of convenient features, including a Visa CheckCard that allows you to make purchases and withdraw cash at ATMs worldwide. Additionally, FSNB offers free online banking services, giving you access to your account from the comfort of your home or office.
16. Wells Fargo
Wells Fargo’s Clear Access Banking offers a practical, accessible checking account designed to suit various banking needs. While there is a $5 monthly service fee, this fee is waived for primary account owners aged 13 to 24.
With a minimal opening deposit of just $25, setting up Clear Access Banking is straightforward and affordable. As an account holder, you’ll have the convenience of accessing your funds through Wells Fargo’s extensive network of 13,000 ATMs and 5,300 branches across the country.
17. United Bank
United Bank has locations in Maryland, Ohio, Pennsylvania, Virginia, West Virginia, and Washington, DC. You can open a bank account with a $50 minimum initial deposit. You do not have to maintain a minimum balance and they don’t charge monthly fees.
You can also upgrade to rewards checking, where you earn cashback rewards on debit card purchases. You also get discounts on movies, theme parks, and prescriptions. The monthly service charge is $10, but you can have it waived if you reach 15 purchase transactions monthly or have a minimum of $500 in regular deposits.
18. Huntington National Bank
Huntington has locations in Arizona, Colorado, Illinois, Indiana, Michigan, Minnesota, Ohio, South Dakota, and Wisconsin.
Huntington Bank uses ChexSystems, but you can still qualify for a checking account as long as you don’t owe the bank any money. However, applicants with an EWS record may not qualify.
For Huntington’s basic account, there is no minimum opening deposit and no minimum balance requirement.
19. Varo
Varo is an online-only bank that offers a hassle-free banking experience with no monthly fees. As a Varo customer, you’ll gain access to early direct deposit payments, which means that your funds will typically be available on the same day they’re received.
Varo Bank knows that just because you need second chance banking doesn’t mean you want sub-standard service. The checking account comes with a free Visa debit card, access to over 55,000 Allpoint ATMs, and free paper check mailing.
20. Regions Bank
You’ll need a minimum opening deposit of $50 to open a Simple Checking Account at Regions Bank. This account doesn’t come with too many bells and whistles. However, it’s a suitable option for anyone with bad credit who wants a basic checking account.
Regions Bank will lower your monthly maintenance fee from $8 to $5 if you sign up for online statements. And you’ll have the option to open a savings account through Regions Bank as well.
What is a bank account for bad credit?
A bank account for bad credit is a type of account designed for people with negative banking records. These people are usually turned away from traditional banks and credit unions because of past instances of bounced checks, overdrawn accounts, or unpaid non-sufficient fund fees.
Fortunately, some financial institutions provide bad credit bank accounts that offer basic banking services such as a debit card, online banking access, and check writing privileges. Direct deposit is also available with some of these bank accounts, which makes it easy to access your income sources.
Bad credit checking accounts are typically easy to open, with minimal fees and most importantly, no credit checks or ChexSystems reports.
How do banks evaluate new account applications?
Opening a bank account can be a straightforward process, but it’s not uncommon for applicants to be turned down or offered limited options. That’s because financial institutions have criteria they use to determine who qualifies for a bank account and what type of account they can offer.
One of the most important factors that banks consider when you apply for a new account is your banking history. To assess this, most banks will check your ChexSystems report, which is a database of your past banking transactions. This report includes information such as any unpaid fees or overdrafts, closed accounts due to fraudulent activity, and other negative marks.
If you have a negative history in ChexSystems, such as unpaid fees or a history of overdrafts, it can be more challenging to open a bank account. In some cases, the bank may decline your application altogether or offer you a limited account that doesn’t allow you to write checks or use a debit card.
Another factor that banks make consider is your credit history. Some banks may pull your credit report from the three major credit bureaus Equifax, Experian, and TransUnion, but most don’t.
Your credit report is typically accessed by credit card issuers and lenders to assess your creditworthiness when you apply for loans or credit cards. But for bank accounts, your ChexSystems record is generally more important.
What is ChexSystems?
ChexSystems is a consumer reporting agency that collects user data from banks and credit unions. One of the things this data is used for is to create consumer reports that financial institutions can use to screen customers.
When attempting to open a new bank account, most financial institutions will pull your ChexSystems report. This report will show your past banking history including overdrafts, bad checks, check fraud, negative balances, or excessive withdrawals.
If you’ve had any of these issues in the past five years, it will likely be on your ChexSystems record. Fortunately, there are several reputable banks that don’t use ChexSystems or check credit to qualify customers. There are also numerous banks that offer second chance checking accounts for people with bad credit.
Can you open a bank account with no credit check?
Opening a no-credit-check bank account is easier than ever, with plenty of reliable banking services to choose from. There are two types of bank accounts for bad credit: banks that don’t use ChexSystems and second chance checking accounts.
Banks that Don’t Use ChexSystems
Some banks simply do not use ChexSystems to evaluate new accounts. These banks offer no-credit-check bank accounts for people with bad credit or a negative banking history.
The good news is that these accounts come with the same features as regular bank accounts offered to everyone else. You can expect to have access to online banking, direct deposit, and a debit card.
Second Chance Checking Account
With a second chance bank account, financial institutions may conduct a credit check or refer to ChexSystems, but they’re willing to give you a second chance regardless of your banking history. Second chance bank accounts usually come with a monthly maintenance fee.
The best second chance checking accounts still have some of the same features as ChexSystems banks and credit unions, such as overdraft protection, online banking, and bill pay. Additionally, it should be possible to upgrade to a standard checking account after demonstrating responsible banking habits.
What to Look for in a Bad Credit Checking Account
If you’re struggling with poor credit history, you might be wondering how to find a checking account that meets your needs while also helping you rebuild your financial reputation. Fortunately, there are several banks that offer checking accounts for bad credit. Here are some key factors to consider:
No Credit Checks
The first thing to look for is a bank or credit union that doesn’t look at your credit report or ChexSystems record when opening a checking account.
Many institutions also offer “second chance” or “fresh start” checking accounts designed specifically for individuals with poor credit or past banking issues. These checking accounts provide an opportunity to rebuild your financial standing, and often offer the option to upgrade to a traditional checking account after a certain period of time.
Low or No Minimum Balance Requirement
When you’re trying to rebuild your credit, every dollar counts. Look for a checking account that doesn’t require you to maintain a specified balance. This way, you won’t be charged fees for falling below a certain balance threshold. This will help you keep more money in your pocket and avoid unnecessary expenses.
Reasonable Account Fees
It’s important to be aware of the fees associated with checking accounts, especially if you have bad credit. Be sure to compare the monthly maintenance fees, overdraft fees, and any other charges associated with the account.
Many online banks offer checking accounts with no monthly fees or waive them if certain conditions are met, such as maintaining a minimum account balance or setting up direct deposit.
Online and Mobile Banking Features
In today’s digital age, having access to online and mobile banking is essential. Look for a checking account that offers a user-friendly mobile app and website, enabling you to manage your money on-the-go. These features should include the ability to check your balance, transfer money, pay bills, and deposit checks remotely.
Account Alerts and Notifications
Opt for a checking account that offers customizable account alerts and notifications. These can help you stay on top of your account activity, track your spending habits, and avoid a potential overdraft fee. You can typically set up alerts for low balance, large transactions, or unusual activity.
Overdraft Protection
Overdraft fees can be a significant burden, especially for people with bad credit. Look for a checking account that offers overdraft protection, which can help you avoid costly overdraft fees. Some banks may offer linked accounts, lines of credit, or small-dollar loans to cover overdrafts.
FDIC or NCUA insurance
Ensure that your checking account is insured by the Federal Deposit Insurance Corporation (FDIC) or the National Credit Union Administration (NCUA). This insurance protects your cash deposits up to $250,000 per account holder in case the bank or credit union fails.
Opportunities for Financial Education
Finally, look for a financial institution that offers resources and tools to help you improve your financial literacy. This might include budgeting tools, educational articles, or workshops. The more you understand about managing your money, the better your chances of rebuilding your credit and maintaining a healthy financial future.
Bottom Line
Having poor credit doesn’t mean you can’t get a bank account. But, it does mean that your selection will be somewhat limited. We also show you how to clear your name and remove yourself from ChexSystems so that you can get a bank account anywhere.
It may take some time to get your name removed. Meanwhile, some of the banks we’ve listed above are just as good, if not better, than any account on the market right now. So, it’s a good idea to start with one of those.
Chime is a financial technology company, not a bank. Banking services and debit card provided by The Bancorp Bank N.A. or Stride Bank, N.A.; Members FDIC. Credit Builder card issued by Stride Bank, N.A.
1. Out-of-network ATM withdrawal fees may apply with Chime except at MoneyPass ATMs in a 7-Eleven, or any Allpoint or Visa Plus Alliance ATM.
2. Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. Chime generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.
7. To apply for Credit Builder, you must have received a single qualifying direct deposit of $200 or more to your Checking Account. The qualifying direct deposit must be from your employer, payroll provider, gig economy payer, or benefits payer by Automated Clearing House (ACH) deposit OR Original Credit Transaction (OCT). Bank ACH transfers, Pay Anyone transfers, verification or trial deposits from financial institutions, peer to peer transfers from services such as PayPal, Cash App, or Venmo, mobile check deposits, cash loads or deposits, one-time direct deposits, such as tax refunds and other similar transactions, and any deposit to which Chime deems to not be a qualifying direct deposit are not qualifying direct deposits.
For college seniors, the spring season means looking forward to graduation – and life beyond the college campus.
To help college graduates as they look both for work and a new place to live, Apartment Guide consulted with Indeed, the number one job site worldwide, to bring together information to match the perfect apartment with the right job.
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Together, Indeed and Apartment Guide have researched the top cities with the most entry-level job openings, along with average rents for one and two bedroom apartments in these cities.
Here’s the list.
Top Ten Cities for Most Entry-Level Job Openings*
1. Washington, D.C.:
2-bedroom average rent: $1,755, average sq. ft: 985
1-bedroom average rent: $1,402, average sq. ft: 705
2. New York, NY:
2-bedroomaverage rent: $2,067, average sq. ft.: 1,014
1-bedroom average rent: $1,611, average sq. ft.: 722
3. Houston, TX:
2-bedroom average rent: $1,121, average sq. ft.: 1,024
1-bedroom average rent: $854, average sq. ft.: 660
4. Chicago, IL:
2-bedroom average rent: $1,318, average sq. ft.: 990
1-bedroom average rent: $1,013, average sq. ft.: 700
5. San Francisco, CA:
2-bedroom average rent: $2,337, average sq. ft.: 946
1-bedroom average rent: $1,864, average sq. ft.: 663
6. Dallas, TX:
2-bedroom average rent: $1,100, average sq. ft.: 1,024
1-bedroom average rent: $822, average sq. ft.: 673
7. Austin, TX:
2-bedroom average rent: $1,191, average sq. ft.: 1,006
1-bedroom average rent: $947, average sq. ft.: 655
8. Los Angeles, CA:
2-bedroom average rent: $2,011, average sq. ft.: 1,013
1-bedroom average rent: $1,566, average sq. ft.: 693
9. Atlanta, GA:
2-bedroom average rent: $962, average sq. ft.: 1,103
1-bedroom average rent: $795, average sq. ft.: 746
10. Phoenix, AZ:
2-bedroom average rent: $831, average sq. ft.: 967
1-bedroom average rent: $703, average sq. ft.: 705
A renting conundrum for the new graduate So these are the great cities where the most jobs are available, but can a recent graduate – and new employee – realistically afford to live in them?
Here’s the rub for the entry-level employee: overall, these metros are on the expensive side. All but two of these major cities cost over a grand to rent a two bedroom apartment, on average – and in two, the cost is over two thousand a month.
There are trade-offs, of course, between having a little more space and how much more you’ll pay in rent for that space. Note the difference in rents and square footage between one and two bedroom apartments in these cities.
An often-quoted rule of thumb is to try to keep the rent within 30 percent of overall income. For recent grads starting out in new careers, these rents and the overall cost of living in these places might present a real challenge to this goal, at least in the short term. That said, these are also amazing cities to live in. They offer a great quality of life, IF you can afford it!
There’s also the roommate solution. When you can split the rent, you and a roommate can experience a more expensive city together without breaking the bank. You might even choose to focus your search on cities where the rent is more affordable. In Atlanta, splitting a rent of just under one thousand a month makes this great Southern capital a reasonable place to pay for an apartment. For another cheaper, warm weather option, consider Phoenix.
A little support at home As you’re starting a new life around a new job in, perhaps, a new city, you deserve some support. After all, just moving to a new place is stressful enough. Apartment communities that offer helpful amenities can make settling in a little easier.
Many apartment communities offer services key to new professionals. A full-time Business Center can be an invaluable backup to a home office. A friendly space with shared wi-fi on-site can make connecting feel like more of a shared experience. Communities which offer electronic rent payment make that monthly responsibility a little easier to take care of.
All of these amenities and more can be searched via ApartmentGuide.com to help you find the right apartment for your needs, straight out of college.
*Methodology: Indeed.com looked at their job posting dataand determined these cities based on the number of postings per city associated with an Indeed.com search for “entry level” in March 2014. Apartment Guide looked at their internal listing data to determine the average rent and square feet for both a one-bedroom and two-bedroom apartment in these locations.
